General Assembly Proposed Bill No. 5490 January Session, 2013 LCO No. 938 Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. O'DEA, 125th Dist. General Assembly Proposed Bill No. 5490 January Session, 2013 LCO No. 938 Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. O'DEA, 125th Dist. AN ACT PHASING OUT THE ESTATE TAX. Be it enacted by the Senate and House of Representatives in General Assembly convened: That chapter 217 of the general statutes be amended to phase out the estate tax. Statement of Purpose: To phase out the estate tax.